Argentina: Donaldson Lufkin & Jenrette to acquire beverage companies.

South American Business Information, May, 1999

The investment fund Donaldson Lufkin & Jenrette is bound to create a major beverages company in Argentina starting with the acquisition of Villavicencio and Resero, both companies from Cartellone group, for which they offered between US$280mil - US$300mil. Now they are completing negotiations to acquire the wineries Santa Ana and Michel Tonino. The next move from Donaldson Lufkin is to acquire the 38% share of the bottling company Baesa (Pepsi Cola, 7Up, Paso de los Toros) from the creditor banks Citibank, BankBoston, and Bayerische Vereinsbank. In addition, Donaldson controls since 1997 20% in the winery and beverages Penaflor. Their goal is to firm a position in the mineral water, juices, carbonated beverages and fine wines market. Fine wines now account...

Read the rest of this article with a Free Trial at HighBeam Research.

Premium Content Partnership | HighBeam Research provides an in-depth online archive library of reference works.